The U.S. Mint has not yet confirmed a 2025 Morgan silver dollar release, but given the releases of the last few years, collectors are hopeful. The ongoing success of this iconic coin’s reissues, which celebrate American history and artistry, makes a 2025 release a distinct possibility. Each recent issue has drawn high demand since the Mint resumed Morgan silver dollar production to honor its centennial.
Design of The Morgan Dollar
The Morgan silver dollar series was first issued from 1878 until 1904 and again in 1921. After Charles E. Barber’s death in 1917, George T. Morgan, the U.S. Mint’s seventh Chief Engraver, designed the dollar issued in his namesake.
Obverse of the Morgan Dollar
The Morgan dollar’s obverse depicts a striking profile of Lady Liberty, facing left, adorned with a Phrygian cap embellished with wheat and cotton, which symbolize American agriculture. The word “LIBERTY” is on the band across her forehead, and she is surrounded by thirteen stars for the original thirteen colonies. “E PLURIBUS UNUM” and the date appear below Liberty’s profile.
Reverse of the Morgan Dollar
The reverse of the Morgan dollar showcases a heraldic eagle with talons clutching arrows and an olive branch, representing both strength and peace. The eagle is encircled by a wreath, and above the eagle is the motto “IN GOD WE TRUST with UNITED STATES OF AMERICA” and “ONE DOLLAR” around the design. Since its reintroduction, the modern Morgan Silver Dollar has retained these original design elements.
The new issues have been released as U.S. Mint silver commemorative coins. Each new release follows the design of the classic coin with a diameter of 38.1 mm, preserving the authenticity of the original Morgans while leveraging modern minting techniques. The composition and actual silver weight have changed from 0.7734 ounces of silver in the classic issues to 0.858 ounces of silver in the reissued coins.
Reintroduction and Mintage of the Morgan Dollar
Interest in the Morgan silver dollar surged with the United States Mint’s 2021 Morgan and Peace silver dollar reissue, which commemorated the 100th anniversary of its last original minting in 1921. The 2021 series saw a 175,000-coin mintage at the Philadelphia, Denver, and San Francisco Mints, with additional pieces featuring the Carson City (CC) and New Orleans (O) privy marks to honor historic mints.
Supply Chains and the 2022 Morgan Dolla
Supply chain disruptions and logistical hurdles prevented a 2022 issue, but the Morgan dollar returned in 2023 with notable additions, like uncirculated, proof, and reverse proof versions. The reverse proof was a unique addition, with only 200,585 coins produced, and became an instant collector’s favorite. San Francisco produced the proof versions, which were limited to 400,000 coins, while Philadelphia minted 275,000 uncirculated pieces. In 2024, Philadelphia and San Francisco continued production, offering uncirculated and proof versions that further solidified the series’ reputation for exceptional quality and collector appeal.
Mintage of Morgan Silver Dollars, 2021 – Date
| Year and Mint | Philadelphia | Denver | San Francisco |
| 2021 | 175,000 (No mint mark) 175,000 (O privy mark) 175,000 (CC privy mark) | 175,000 | 175,000 |
| 2023 | 273,632 | 351,135 (Proof) 200,585 (Reverse proof) | |
| 2024 | 275,000 | 300,000 (Proof) |
Value and Collectability
The Morgan silver dollar’s value lies in its blend of historical significance and silver’s investment potential. Collectors enjoy these coins for their iconic design and their connection to the last bastions of the American Wild West. The 2024 Morgan dollars are valued around $188 for uncirculated and proof versions, while the reverse proof commands a higher price, around $196. These values may rise over time, depending on factors such as rarity, market demand, and the condition of individual coins.
Why Collectors Are Eager for the 2025 Morgan Silver Dollar
The potential for a 2025 Morgan silver dollar is exciting! Each reissue celebrates the Morgan dollar’s heritage, bringing a tangible piece of American history into modern collections. With every new release, the U.S. Mint introduces unique finishes and limited mintages that continue to draw numismatists and casual collectors who are eager to own a part of this storied series. Whether motivated by history, aesthetics, or the prospect of appreciating value, many collectors are enthusiastic about what the future may hold for this classic American coin.
